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Diamond Offshore CEO to retire

Diamond Offshore Drilling said Tuesday that Lawrence Dickerson, president and CEO, has decided to retire after more than 30 years at the company.  More »

Not Business As Usual: China’s Oil Majors Are No Longer Invincible

CNPC (along with its publically listed subsidiary PetroChina) and Sinopec have seen better days. The two Chinese oil majors have been humbled in recent weeks as the former is being subjected to Beijing’s tightening anti-graft noose and the latter just lost a billion dollar international court case. Only CNOOC for the moment, China’s third state owned oil major, remains unscathed. The Big Three, which have combined yearly revenue of nearly $1 trillion, all have cause for concern.  More »

Skilled trade workers may get scarce as energy construction booms

IHS conference speakers say a building boom in the downstream energy business, especially along the Gulf Coast, will create a shortage of skilled trades workers, although competition for them will be less fierce than before the recession.  More »

Commentary: Looking past isolated incidents to see the big picture of safety in oil and gas

It has always frustrated me that the industry keeps relatively quiet following high profile incidents. Rather than take control of the narrative and seize the chance to provide as much clarity as possible, it tends to fall back on itself. This allows other groups to shape events to their advantage, and the damage to the industry’s reputation grows larger and lasts longer.  More »

LNG Exports First Step to Depoliticizing Global Oil Market

US manufacturer’s sounded alarm bells last week with the approval of a fourth liquefied natural gas (LNG) export facility, this time on the East coast at Cove Point Maryland. At issue is whether LNG exports would “harm” the US economy by raising energy costs. But opponents of US energy exports are missing the point: US […]  More »

Apache selling Canada assets for $112 million

Apache Corp. said this afternoon it would sell various oil and gas producing properties in Canada in two separate deals worth $112 million.  More »

Drilling plans for San Rafael Swell bring protest

More than 100 people held a rally Monday in Salt Lake City to protest the federal government’s plan to lease 125 square miles of the San Rafael Swell for oil and gas drilling.  More »

Nigeria community rejects Shell compensation offer

Nigeria’s Bodo community in the southern Delta has rejected a compensation offer from Shell for two oil spills in 2008 that devastated the mangrove and fishing area, lawyers and the company said Friday.  More »

Undeveloped oil and gas reserves across the globe worth $760 billion

The U.S. shale revolution opened up leagues of new resources over the past half-decade, but North America’s discovered reserves add up to just 7.6 percent of the world’s untapped potential, according to a Wood MacKenzie report released this week.  More »

Chesapeake Energy shifting from aggression to financial discipline

After years of building a reputation as one of the most aggressive U.S. natural gas giants, Chesapeake Energy is slowing down.  More »

Halcón selling assets for $300 million

Houston’s Halcón Resources Corp. said this week it had inked three separate purchase and sale agreements to sell off “certain non-core conventional assets” in the U.S. for $302 million.  More »

Occidental said to seek offers for stake in Mideast unit

Occidental Petroleum Corp.has begun looking for suitors to take a minority stake in its Middle East unit for as much as $8 billion, said people with knowledge of the matter.  More »
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